Glacier Bancorp (NYSE:GBCI) Chairman Craig Langel Acquires 2,250 Shares

Glacier Bancorp, Inc. (NYSE:GBCI) Chairman Craig Langel acquired 2,250 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $47.04 per share, with a total value of $105,840.00. Following the purchase, the chairman owned 98,684 shares of the company’s stock, valued at approximately $4,642,095.36. This trade represents a 2.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Glacier Bancorp Stock Down 1.2%

Shares of GBCI opened at $46.30 on Tuesday. The business’s 50 day moving average is $50.10 and its 200 day moving average is $48.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. Glacier Bancorp, Inc. has a 12-month low of $39.90 and a 12-month high of $54.58. The company has a market capitalization of $6.03 billion, a PE ratio of 18.98 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $320.94 million during the quarter. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. During the same period last year, the business earned $0.57 earnings per share. Research analysts expect that Glacier Bancorp, Inc. will post 3.11 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 54.10%.

Institutional Investors Weigh In On Glacier Bancorp

Large investors have recently bought and sold shares of the business. Root Financial Partners LLC lifted its position in Glacier Bancorp by 122.5% during the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Glacier Bancorp in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the last quarter. Global Retirement Partners LLC grew its position in Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Glacier Bancorp during the fourth quarter worth approximately $35,000. Institutional investors own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $58.00 price objective on shares of Glacier Bancorp in a research report on Monday, July 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.17.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.